US President Donald Trump confidently remarked on Thursday that Washington government might be getting closer to an agreement with Iran to curb the Islamic Republic’s expansive nuclear program.
The United States President Donald Trump has made it to the headlines every day, ever since he assumed office as the 47th President of the world’s most powerful economy. He has been undertaking coherent measures on crucial matters pertaining to trade, immigration, economy and education for the last few weeks.
Currently, the Republican is on his official tour to the Middle Eastern sub-continent, and a historic breakthrough may have potentially been achieved as per the latest news reports. In his addressal at a business event in Qatar, Donald Trump remarked that Iran has ‘sort of’ agreed to the terms of an impending nuclear deal with the United States.
Trump described the latest talks held between the two formidable and forward-playing countries as ‘very serious negotiations’ intended towards achieving long-term peace. In an earlier press met, Ali Shamkhani, the advisor to Iran’s supreme leader Ayatollah Ali Khamenei told NBC News that the capital city, Tehran was willing to make concessions and accept far-reaching curbs on its nuclear programme in exchange for the lifting of imposed sanctions.
The US has particularly insisted that Iran must completely drop the targeted efforts for its uranium enrichment, to prevent the country from developing nuclear weapons – though Iran’s government insists its nuclear activities are entirely peaceful in nature. Speaking on Thursday, the second stop of his multi-day Gulf-region tour, President Donald Trump stated that a deal was nearly close on Iran’s nuclear programme and suggested a military strike on Tehran’s sites could be avoided, provided the deal gets locked affirmatively.
“We’re not going to be making any nuclear dust in Iran,” Trump said after a meeting in Doha with business leaders. “I think we’re getting close to maybe doing a deal without having to do this’. As per the confirmed press report released by Gulf media, Iran was willing to give up stockpiles of highly enriched uranium as part of the nuclear deal in which the US shall also provide some relief and lift the crippling sanctions put earlier on the country.
US Middle East Envoy Steve Witkoff said they were encouraging, while Iran’s Foreign Minister Abbas Araghchi described them as “difficult but useful“. For the unversed, Donald Trump had pulled out of a previous nuclear agreement between Iran and five other world powers during his previous tenure in 2018. In addition, he had previously warned of a possible military action against Iran’s nuclear facilities if the new revised set of talks, which began in April, did not succeed.
Just as soon as the media reports were officially released and the global market received the unexpected news, the crude oil prices faced a slump on concerns of weaker demand and stalling market optimism. Brent crude is down 3.1% at US $64.06 a barrel, while WTI falls 3.3% to US $61.08 a barrel. The lowered sanctions on a major oil producing nation could see increased supply globally.
U.S.-Iran nuclear negotiation has the potential to bring Iranian crude to the oil market, should a renewed deal be reached, elevating the risk of revamped price pressure in the short term. So far, both the countries have held four rounds of talks to discuss the Islamic Republic’s atomic activities, mediated by Oman.
From the activities visible so far, US leader Donald Trump has categorically indicated he wants to sign on the dotted line and prevent Iran from potentially building a nuclear weapon, while Tehran seeks respite through a lift on the previously levied US sanctions.
Helene Elliott is the senior reporter for News Raise. She covers Science news. She also has a keen interest in photojournalism. Helene holds a nomination for the prestigious Red Smith Award. She is married to author Dennis D’Agostino, a former publicist with the New York Mets.
